<div id="readability-page-1"><div id="ArticleBody-InlineImage-108082849"><div><div><p>Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada, on Jan. 6, 2025.</p><p>Patrick T. Fallon | Afp | Getty Images</p></div></div></div><div><p>Nvidia CEO Jensen Huang said Wednesday markets have miscalculated the AI threat to software companies in an interview hours after the chip behemoth issued an upbeat sales forecast on strong AI demand. </p><p>&#34;I think the markets got it wrong,&#34; Huang said. &#34;Nobody's going to service better than ServiceNow, and they're going to come up with agents that are really fine-tuned and optimized for the work that uses the tools that they have.&#34;</p><p>&#34;In the end, we need the tools to finish their work and put the information back in a way that we can understand,&#34; he told CNBC's Becky Quick.</p><p>Nvidia's revenue for the fiscal fourth quarter climbed 73% to $68.13 billion from a year earlier, beating analysts' estimates for $66.21 billion.  </p><p>The company issued an upbeat guidance with revenue for the fiscal first quarter to be $78 billion, plus or minus 2%, well above analysts' forecast for $72.6 billion. </p><p>Investors had grown weary that the massive run-up in spending on AI hardware might not be sustainable, stoking fears of a bubble building in the sector. </p><p><em><strong>This is breaking news. Please refresh for updates.</strong></em></p></div></div>

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<p>Nvidia CEO Jensen Huang stated that markets have misjudged the AI threat to software companies, emphasizing the importance of tools for effective work. Following a strong sales forecast driven by AI demand, Nvidia reported a 73% revenue increase to $68.13 billion for the fiscal fourth quarter, surpassing expectations. The company anticipates first-quarter revenue of $78 billion, exceeding analyst forecasts, despite investor concerns about sustainability in AI hardware spending.</p>

- Nvidia CEO Jensen Huang addressed the market's misunderstanding of the AI threat to software companies while providing an optimistic sales forecast due to strong AI demand.  
- The company's revenue for the fiscal fourth quarter increased by 73% to $68.13 billion, surpassing the $66.21 billion analysts' estimates, with a positive guidance for the first quarter projected at $78 billion.  
- Investors have expressed concerns regarding the sustainability of spending on AI hardware, raising fears of a potential bubble in the sector.

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Nvidia’s Jensen Huang says markets ‘got it wrong’ on AI threat to software companies